Gabelli Global Utility & Income Trust (NYSE American: GLU) declared monthly cash distributions of $0.11 per share for April, May and June 2026 and raised its annualized distribution 10% to $1.32 per share, payable monthly starting January 2026.
The Board reviews distributions quarterly and may pay an adjusting distribution in December; estimated 2026 distribution composition is ~30% net investment income and ~70% net capital gains on a book basis.
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Positive
Annual distribution increased by 10% to $1.32 per share
Monthly cash distribution set at $0.11 per share beginning January 2026
Clear payable and record dates for Apr–Jun 2026 distributions
Negative
Distributions may include a return of capital if earnings are insufficient
Distribution policy is subject to change by the Board at any time
Estimated 70% of 2026 distributions are from net capital gains (book basis)
News Market Reaction
+1.94%
1 alert
+1.94%News Effect
On the day this news was published, GLU gained 1.94%, reflecting a mild positive market reaction.
Monthly distribution:$0.11 per shareAnnualized distribution:$1.32 per shareDistribution increase:10%+5 more
8 metrics
Monthly distribution$0.11 per shareDeclared for April, May, June 2026
Annualized distribution$1.32 per shareReaffirmed annualized level for 2026
Distribution increase10%Annual distribution raised to $1.32 per share
Income component30%Estimated share of 2026 distributions from net investment income
Capital gains component70%Estimated share of 2026 distributions from net capital gains
Max long-term capital gains rate20%Current maximum federal rate for individuals on certain components
Medicare surcharge3.8%Applied to net investment income for certain U.S. taxpayers
Market cap$124,298,667Pre-news market value of GLU
Market Reality Check
Price:$21.53Vol:Volume 19,625 is 1.69x th...
high vol
$21.53Last Close
VolumeVolume 19,625 is 1.69x the 20-day average of 11,588 ahead of this distribution update.high
TechnicalTrading at $21.12, above the $18.03 200-day MA and about 1.15% above its 52-week high.
Peers on Argus
GLU gained 0.29% with mixed moves across peers: CEE (+0.41%), BCV (+0.08%), KSM ...
GLU gained 0.29% with mixed moves across peers: CEE (+0.41%), BCV (+0.08%), KSM (+0.21%), PCF (+0.16%), while GNT was slightly negative (-0.12%), suggesting a stock-specific response to the distribution news.
Confirmed $0.10 monthly distributions for Oct–Dec 2025 under policy.
Pattern Detected
Recent distribution-related announcements have been followed by modest positive price reactions, suggesting the market has treated these as supportive but not transformational events.
Recent Company History
Over the past year, GLU’s key announcements have focused on its distribution policy. On Aug 21, 2025, the fund reaffirmed monthly payouts of $0.10 per share for Q4 2025, aligned with its 6% annual distribution objective, and the stock rose modestly. On Nov 12, 2025, GLU increased its annual distribution by 10% to $1.32 per share, payable as $0.11 monthly from January 2026, again with a small positive reaction. Today’s update extends that higher level through mid-2026.
Market Pulse Summary
This announcement reiterates GLU’s policy of fixed monthly cash distributions, confirming $0.11 per ...
Analysis
This announcement reiterates GLU’s policy of fixed monthly cash distributions, confirming $0.11 per share for April through June 2026 and an annualized rate of $1.32 per share. The fund outlines that 2026 distributions are currently estimated at 30% net investment income and 70% net capital gains, with final tax character set after year-end. Investors may watch future Board reviews of distribution levels, year-end “adjusting” distributions, and updated composition notices for insight into sustainability.
Key Terms
net investment income, net capital gains, return of capital, qualified dividend income, +4 more
8 terms
net investment incomefinancial
"If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain)…"
Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.
net capital gainsfinancial
"each of the distributions paid to common shareholders in 2026 would include approximately 30% from net investment income and 70% from net capital gains…"
Net capital gains are the profit an investor keeps after adding up all gains from selling investments and subtracting any losses and allowable selling costs, similar to the money left after a garage sale once you subtract items that lost value and expenses. Investors care because this number determines how much tax they may owe and the true after-tax return on their investments, so it influences decisions about when to sell and how to rebalance a portfolio.
return of capitalfinancial
"then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital."
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
qualified dividend incomefinancial
"All or part of the distribution may be treated as long-term capital gain or qualified dividend income…"
Qualified dividend income is dividend money that meets government rules so it’s taxed at the same lower rates as long-term capital gains instead of at higher ordinary income rates. For investors this matters because it increases the after-tax return on dividend-paying stocks or funds—similar to getting a discount on your tax bill if you hold the investment long enough and the payout comes from approved sources.
regulated investment companiesregulatory
"to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies."
Regulated investment companies are pooled investment vehicles — such as mutual funds and some exchange-traded funds — that follow specific tax and operating rules so they can pass most investment income directly to shareholders without paying corporate income tax. Think of them as a shared basket that must meet packing and labeling rules to distribute fruit straight to owners; for investors this affects how returns are taxed, how income is paid out, and the fund’s legal protections and reporting obligations.
Form 1099-DIVregulatory
"shareholders with taxable accounts will receive written notification…via Form 1099-DIV."
Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.
Medicare surchargeregulatory
"will be required to pay a 3.8% Medicare surcharge on their "net investment income"…"
An extra fee or tax added to certain incomes, premiums, or transactions to help fund public health insurance programs commonly called Medicare. For investors, it matters because this surcharge can reduce after-tax returns, increase payroll or corporate costs, and affect companies’ profit forecasts much like a new toll that raises the cost of doing business or lowers the money individuals have available to invest.
distribution policyfinancial
"The Fund’s distribution policy is subject to modification by the Board of Trustees at any time…"
A distribution policy is a company’s formal approach to returning cash or other value to shareholders—typically through dividends, share buybacks, or occasional special payments. Like a household deciding how much of its income to save versus spend, this policy tells investors how much income to expect, how predictable those payments are, and how the company balances rewarding owners with keeping money for growth, which affects yield, share price stability, and investor confidence.
AI-generated analysis. Not financial advice.
Reaffirms Annualized Distribution of $1.32 per Share
RYE, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of April, May, and June 2026.
The Board of Trustees increased the annual distribution 10% to $1.32 per share, which will be paid $0.11 per share monthly, commencing with the January 2026 monthly distribution.
Distribution Month
Record Date
Payable Date
Distribution Per Share
April
April 16, 2026
April 23, 2026
$0.11
May
May 14, 2026
May 21, 2026
$0.11
June
June 15, 2026
June 23, 2026
$0.11
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income", which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would include approximately 30% from net investment income and 70% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Adam Tokar (914) 457-1079
About The Gabelli Global Utility & Income Trust The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company with $146 million in total net assets whose primary investment objective is to seek a consistent level of after-tax total return for its investors with an emphasis on tax-advantaged dividend income under current tax law. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).
Investor Relations Contact: Adam Tokar (914) 457-1079 atokar@gabelli.com
NYSE American – GLU CUSIP – 36242L105
FAQ
What distribution did Gabelli Global Utility & Income Trust (GLU) declare on February 11, 2026?
The Fund declared monthly cash distributions of $0.11 per share for April, May and June 2026. According to the company, the annualized distribution was increased 10% to $1.32 per share, payable monthly.
When are the record and payable dates for GLU distributions in April–June 2026?
Record and payable dates are set by month: April record April 16, 2026, payable April 23, 2026. According to the company, May and June dates are May 14/21 and June 15/23, respectively.
How are GLU’s 2026 distributions allocated between income and capital gains?
Each 2026 distribution is estimated to include about 30% net investment income and 70% net capital gains on a book basis. According to the company, final allocation will be determined after year end.
Could GLU’s monthly distributions be reduced or changed in 2026?
Yes. The Board may modify the distribution policy and could pay an adjusting December distribution. According to the company, distributions depend on earnings, NAV, and market conditions.
What tax considerations should GLU shareholders expect for 2026 distributions?
Distributions may be taxed as long-term capital gain, qualified dividends, investment company taxable income, or return of capital. According to the company, high-income individuals may owe a 3.8% Medicare net investment income surtax.
